Beyond Meat Cites Inventory Accounting Issue as 10-K Delayed

Beyond Meat Inc. is delaying filing its annual financial report for investors to allow extra time to review and analyze its inventory balances, the company said.

The plant-based protein maker expects to file its Form 10-K with the Securities and Exchange Commission by March 31, though that timing could be pushed back further, according to a Monday regulatory filing. Beyond Meat said it also anticipates disclosing a “material weakness” in its internal financial reporting safeguards related to inventory accounting.

This isn’t the first time the company has warned of a financial reporting weakness. Beyond Meat said in a quarterly ...